DraftKings Abandons Controversial Surcharge Plan Amid User Backlash
In a surprising turn of events, DraftKings, one of the leading sports betting platforms, has announced the cancellation of its proposed ‘gaming tax surcharge’ on winning bets. This decision comes after a significant backlash from users, particularly in states with high sports betting taxes. Earlier this month, DraftKings had planned to implement this surcharge as a means to offset the steep 51% tax rate imposed by New York, which is the highest in the nation. The initial announcement...